Definition

Noun: 1. The practice of giving expert advice within a particular field: A professional service where specialized knowledge and guidance are provided to clients. 2. A business or firm that provides expert advice: An organization comprised of experts who offer their advisory services.

Usage Examples

• As a professional practice:
  • She has years of experience in financial consultancy.
  • His area of consultancy is environmental policy.
• As a business or firm:
  • The company hired a marketing consultancy to improve its brand image.
  • He works for a large IT consultancy.

Advanced Usage

• "to be in consultancy": To work in the field of providing expert advice.
  • After leaving the government, she went into consultancy.
• "on a consultancy basis": Working under a temporary contract to provide expert advice, rather than as a permanent employee.
  • He was brought in on a consultancy basis to review the project's feasibility.

Variants and Related Words

• Consultant (n): An individual who provides expert advice professionally.
  • We need to hire a consultant to solve this problem.
• Consult (v): To seek information or advice from someone with expertise.
  • You should consult a lawyer before signing the contract.
• Consultative (adj): Having the purpose of giving advice or involving consultation.
  • The committee has a purely consultative role.

Synonyms

• Advisory service: A service that offers guidance and recommendations.
• Counseling: The provision of professional guidance (often used in psychological or personal contexts, but can overlap in a professional advisory sense).

Phrases and Collocations

• Management consultancy: A firm or practice specializing in advice on business management.
  • A top-tier management consultancy analyzed our corporate structure.
• Consultancy fee: The charge for professional advisory services.
  • The consultancy fees were higher than we had budgeted for.
• Consultancy firm / Consultancy company: A business that provides consultancy services.
  • She founded her own consultancy firm last year.

Noun

1. the practice of giving expert advice within a particular field
   • a business management consultancy